Weekly Poll - Flat Rate VAT (24/09/09)

UKFF Mod · 23-09-2009, 11:39 PM

This weeks question, compared to previous weeks, is nice and easy. All we want to know is...

Do you use the Flat Rate VAT Scheme?

CrazyMoose · 24-09-2009, 08:13 AM

Thumbs up to the government. I've been using Flat Rat VAT for about three years and it's saved me a lot of time. If you have small vat expenses, you can also make an extra 3-4% on top of your hourly or daily rate. I think this is something that your article forgot to mention.....

Light_Box · 24-09-2009, 10:27 AM

Hi,

It's not worthwhile for our agency but we do have a number of contractors that use the scheme to increase their take home pay.

Not sure how it works i'm afraid....

LB

Howzat · 24-09-2009, 03:55 PM

love it, totally love it. As CM says, you actually make a bit of extra money as well as saving a whole load of time.

Please Gordon, have the sense to see a good thing for once and don't EVER remove FRV!

Thanks
H